Reported 3 days ago
Stanley Black & Decker CEO Don Allan expressed concern that potential Trump tariffs could lead to significant price increases for tools, as discussions about pricing adjustments with customers have begun. While presenting optimistic long-term sales goals, the company has faced challenges with declining sales and profits due to weakened consumer demand and an uncertain economic environment. Allan mentioned plans to potentially reduce exposure to China by looking at manufacturing opportunities in Southeast Asia or Mexico.
Source: YAHOO